Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 17, Problem 4FPC

a.

Summary Introduction

To compute: The annual incomerequired for retirement.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

b.

Summary Introduction

To compute: The annual social security benefit.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

c.

Summary Introduction

To compute: The annual receipts from the defined-benefit pension plan.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

d.

Summary Introduction

To compute: The annual retirement income needed from retirement funds.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

e.

Summary Introduction

To compute: The total amount needed for the entire retirement period.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

f.

Summary Introduction

To compute: The value of the Roth IRA at the retirement age of 65.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

g.

Summary Introduction

To compute: The additional amount required to save for retirement.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

h.

Summary Introduction

To compute: The additional annual retirement savings to meet the goal.

Introduction: Retirement plans are developed by individuals after taking into consideration their respective retirement goals and, adjusting these goals for inflation and income tax.

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Chapter 17 Solutions

Personal Finance (MindTap Course List)

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